"how to record in account , a cheque (open dated) given to bank to arrange bank facility. and bank facility approved and transfer amount to our current account. If we record 1- for security cheque depoist (Assets side) Dr 1m To PDC payabale (liability) 1m 2- Loan approved Bank account Dr 1m To Loan Account 1m net result our current assets become 2m and current liability become 2m what is impact with this for the company."